Don't really know who and what caused it. Our program caught has no long or short bias. We just reacted to the big moves like that and tried to be on the right side of the market.
It could be someone's program went wrong that triggered such an event.
The ones who sold at the low, most likely bought back along the way on the recovery bounce the next minute, if they're programmed trading. It's a loss, but not really very bad. Manual traders are out of luck.
The important thing is, don't get your stop orders triggered in a panic free fall!
Don't really know who and what caused it. Our program caught has no long or short bias. We just reacted to the big moves like that and tried to be on the right side of the market.
It could be someone's program went wrong that triggered such an event.
So, did you or your program manage to buy coins from that price? If so, someone sold their coins for that low.
No. we didn't get at $13. We aim to get a good chunk of the move, never the top or the bottom.
Yes, someone did sell at that price.
I see. Thanks.
The ones who sold at the low, most likely bought back along the way on the recovery bounce the next minute, if they're programmed trading. It's a loss, but not really very bad. Manual traders are out of luck.
The important thing is, don't get your stop orders triggered in a panic free fall!